Jay,Does this match up in reverse
Joe8888 posted this one. Jay do u have any analysis based on thishttp://content.screencast.com/users/chartwiz/folders/Jing/media/1c83f5e4-7c6b-4e34-8986-d6b86c54811e/2010-04-30_1605.png
If SPY 117.43 holds as resistance the markets should dump later in the day or early tomorrow. Otherwise, more up.
ES 1155 to 1172.5 .. wow .. made me quite the nervous wreck trying a long today. Anyways, holding 25% with stop at 1160 after dumping 75% at 1172.5. Knife catching is sure a dangerous sport.
Looks to me that 117.43 failed to become support.Party on bears. One more leg down to the low 115's should do it to the downside for a while.
KC - how do you get this stuff ... :)
Reza,I dont know what you want from that chart. Ive already discussed now to August and SptArak et allDont even think about longs until Thsday's closeNeg energy all day along with 60bars right at close OR open Friday, but I think it will be at close - thsdayIf lower open Friday = A GREAT ONE DAY BUY OPP.Power index slips from 600 on Monday May3rd to as low at 250 on open on 10th, then spurts higher right after13 day cycle over taken with lower low at open and now at 3pmusing 40 pt rule of thumb1220 - 80 = 1140JayJay
Interesting that if we cannot bounce here I am coming up with 1154 and 1147 as the level to drop, I think we bounce from there, if we cannot break spy 117 soon ...KC saw your other chart ... can you share how you come up with the projection after 115 level ?TIA :)
Jay - can you share what you see for aug / sept ... I saw your projections for May only ... and you were expecting a mid july top - is that right or is there additional info ?
ASSimple 76.4% fib retracement. On less than a daily time frame all you need to know is the 50, 76.4, 100, and 127.2% extensions.Play with them, ..., they will amaze you.
ASI published a GRAPH of 1938comparing to NOWthe REBOUND high of 63% was followedby lower highs and lower lows for about 4 months.That would get us into Aug & sptLows end of MayEnd of JuneAugust 120thHIGHSMid JuneMid JulyTake a look at the 1938 graphdoes that not explain it all?Jay
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